U.S. Attorney for the Southern District of California: San Diego Man Charged With $4M COVID-Related Loan Fraud and Money Laundering
August 12, 2023
August 12, 2023
SAN DIEGO, California, Aug. 12 -- The office of the U.S. Attorney for the Southern District of California issued the following news release on Aug. 11, 2023:
Denny Bhakta of San Diego was arraigned in federal court today on additional charges that he fraudulently obtained $4 million in Paycheck Protection Program loans through several entities he managed and controlled. Bhakta was first indicted in December 2021 for defrauding investors in his companies; a grand jury returned a supe . . .
Denny Bhakta of San Diego was arraigned in federal court today on additional charges that he fraudulently obtained $4 million in Paycheck Protection Program loans through several entities he managed and controlled. Bhakta was first indicted in December 2021 for defrauding investors in his companies; a grand jury returned a supe . . .